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Friday, June 28, 2019
MYTHEO : Digital Investment Management Reimagined
Financial freedom! I'm sure all of us yearn for financial independence. However, just earning money is not enough, investment is equally important to ensure future financial security. Juggling between work, play and life savings, most of us especially the millennials don't have the luxury of time to figure out the nitty-gritty of investment. As a solution, Malaysia's Silverlake Digital INX (a member of Silverlake Group) and Japan's Money Design officially launched their Malaysian offering, MYTHEO, a Digital Investment Management service through a joint-venture company, GAX MD Sdn Bhd. MYTHEO, the first Malaysian technologically driven digital investment management service licensed by the Securities Commission Malaysia aims to promote financial literacy and inclusiveness, especially in the millennial segment, thanks to its user-friendly process and affordability.
Tomoyoshi Hirose, Co-founder and Vice Chairman of Money Design Co. Ltd; Goh Peng Ooi, Founder and Chairman of Silverlake Group and Tan Sri Dato' Dr. Mohd Munir bin Abdul Majid, Chairman of GAX MD Sdn Bhd were also present to grace the launch.
MYTHEO offers those in Malaysia, a personalised and professional digital investment management service via their web and mobile platforms with a starting commitment of RM500. This fintech service uses a proprietary algorithm developed by Money Design with Kyoto University, Japan which generates optimised portfolios of each investor based on their profile, individual income and risk appetite.
In 2016, Money Design pioneered the very first robo-advisory service, 'THEO' in Japan, under the regulation of the Japan Financial Service Agency. Money Design was founded by experienced investment professionals (formerly from BlackRock, Nomura and other financial MNCs). Fast forward to today, over 60,000 Japanese investors have benefited from this service, which manages more than USD300 million in total assets.
The Silverlake Group, one of the largest and most successful IT solutions providers in Asia is recognised as a digital innovation leader with over 30 years of experience and significant contributions to solution innovations for their clients in the financial, capital market, fund management, digital payment and digital economy.
GAX MD's goal is to provide users with global diversification and investment management services with MYTHEO, while making it widely available to local retail investors. This fintech drive resonates with two of the new pillars championed by the government in the mid-term review of the 11th Malaysia Plan, namely 'Enhancing Inclusive Development and Wellbeing' and 'Strengthening Economic Growth'. Malaysia is an attractive market with a relatively young and tech-savvy population with those aged between 22-40 make up 29% of the nation's population.
The simplicity of MYTHEO starts from analysing the needs of the client and then works backwards to build the optimal portfolio. MYTHEO has been developed to be a customer-centric service, your personalised portfolio can be created in the span of 3 to 4 minutes simply by answering five questions. The innovative technology includes a seamless digital customer on boarding experience, e-payment capabilities, biometric recognition, voice activation commands, chatbot and big data analysis.
Using 'AI Assist', the algorithm analyses market sentiments from global news and market data towards sound investment risk control and solutions. MYTHEO will also automically rebalance and optimise the users investment portfolio through a proprietary algorithm developed with cutting edge financial technology. To ensure customer's protection, security and minimise service disruption, the digital investment platform infrastructure is hosted in a highly secured Tier 3 verified Data-centre.
Grow your wealth whilst enjoy life's priceless moments with MYTHEO. The investor's money and assets are held by its custodian, Malaysian Trustees Berhad (a subsidiary of RHB Bank Bhd and an independent trustee licensed by the Securities Commission Malaysia) who is responsible for the custody services. For more information, please email enquiry@gaxmd.com or visit www.mytheo.my and www.gaxmd.com
Mobile app for digital investment? Now everything can be done with a few clicks only! Nice
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